AltCoinTrader vs OKEx: Fees, Coins, Safety Comparison
| Feature | AltCoinTrader | OKEx |
|---|---|---|
Overall |
1.8 |
4.5 |
1 |
4.4 |
|
2.2 |
5.0 |
|
2.8 |
4.6 |
|
Investment Instruments |
1 |
5.0 |
Platforms and Charting Tools |
1.7 |
4.2 |
Deposit and Withdrawal |
1.5 |
4.1 |
Research |
2.0 |
3.9 |
Education |
1.9 |
4.7 |
Support |
2.0 |
4.1 |
Bonuses |
2.5 |
4.2 |
|
Your capital is at risk.
|
AltCoinTrader vs OKEx: Pros and Cons
AltCoinTrader cryptocurrency exchange is a young and progressive South African platform with good trading conditions. It offers access to trading the majority of popular cryptocurrencies and coins, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ripple, Tether and others. The South African rand (ZAR) is the only available fiat currency, as the platform is primarily targeted at this region. However, the exchange has no restrictions for the residents of other countries with traders from different parts of the world trading there. The exchange offers low trading fees and TradingView Basic as the trading platform. In addition to trading in the browser, mobile trading is available in proprietary apps for Android, iOS and also Huawei gadgets. In addition to trading, there is an easy exchange service (Easy Buy & Sell). The exchange does not have investment offers or a partnership program.
The OKEx crypto exchange is a platform for exchanging and trading cryptocurrencies, that offers over 400 trading pairs, including pairs with fiat funds. Bitcoin, Litecoin, Ethereum, Cardano, as well as other cryptocurrencies and tokens are traded on the platform. Funds can be deposited from debit cards (Visa, MC), bank accounts, cryptocurrency, and e-wallets. There are spot and margin trading, futures, perpetual swaps, options, and DEX. Four investment solutions with flexible periods are presented.
| AltCoinTrader | OKEx | |
|---|---|---|
| Overall Pros | All most popular cryptocurrencies and tokens are available, deposit in fiat money is available; | Low trading fees |
| The platform has low trading fees at 0.1% regardless of the client’s trading volume; | 350+ supported coins | |
| In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins; | spot and margin trading, futures and other options; | |
| The platform is very simple, user-friendly with intuitive interface; | Crypto academy | |
| The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security; | universal cryptocurrency wallet and mining pool; | |
| The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies; | training academy with detailed courses and guides; | |
| The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform. | low commissions that are additionally reduced with an increase in trading volume. | |
| Overall Cons | no other fiat money, except for the South African rand; | Limited access in the US |
| no passive income options. |
AltCoinTrader vs OKEx: Safety and Regulation
| Regulated By: | AltCoinTrader | OKEx |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Regulated in 3 States in the USA |
AltCoinTrader vs OKEx: Trading Conditions
| Trading Conditions | AltCoinTrader | OKEx |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
OKEx |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
39+ |
362 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, ZAR |
USD, EUR, GBP and 30+ fiat currencies, crypto |
AltCoinTrader vs OKEx: Fees
Trading Fees
| Fee | AltCoinTrader | OKEx |
|---|---|---|
Max Maker |
0.1% |
0.08% |
Max Taker |
0.1% |
0.1% |
Min Maker |
0.1% |
0.06% |
Min Taker |
0.1% |
0.08% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | AltCoinTrader | OKEx |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.05% |
Min Maker |
Not supported |
0.015% |
Min Taker |
Not supported |
0.03% |
Non-Trading Fees
| Fee | AltCoinTrader | OKEx |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not Allowed |
Debit/Credit Card Withdrawal Fee |
Not supported |
Only payment system fee |
BTC Withdrawal Fee |
0.00005264 BTC |
0.0005 BTC |
Inactivity Fee |
No |
No |
AltCoinTrader vs OKEx: Trading Assets
| Asset Name | AltCoinTrader | OKEx |
|---|---|---|
Overall |
39+ |
362+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
AltCoinTrader or OKEx: Investment Programs
| Asset Name | AltCoinTrader | OKEx |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
Yes |
MAM/PAMM |
No |
No |
Other |
No |
P2P loans |
Trading Platforms: OKEx or AltCoinTrader
| AltCoinTrader | OKEx | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: OKEx or AltCoinTrader
| AltCoinTrader | OKEx | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: OKEx or AltCoinTrader
| AltCoinTrader | OKEx | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: OKEx or AltCoinTrader
| AltCoinTrader | OKEx | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: OKEx or AltCoinTrader
| AltCoinTrader | OKEx | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
AltCoinTrader vs OKEx: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AltCoinTrader | OKEx |
|---|---|---|
Bank Transfer |
Yes (Only deposit) |
No |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
AltCoinTrader vs OKEx: Research
| Research Type | AltCoinTrader | OKEx |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
AltCoinTrader vs OKEx: Education
| Education Type | AltCoinTrader | OKEx |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
OKEx vs AltCoinTrader: Support
| Support Features | AltCoinTrader | OKEx |
|---|---|---|
Working Days |
Week days 09h00 – 16h30 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
No |
Yes |
Other |
No |
No |
AltCoinTrader vs OKEx: Crypto Bonuses and Promo
| Promo | AltCoinTrader | OKEx |
|---|---|---|
Crypto Bonus |
Yes |
100 satoshi for Make a demo trade,Subscribe to an Earn product, Trade any amounts of crypto, Refferal welcome bonus up to $100 |
Affiliate Program |
No |
Up to $500 |
|
Your capital is at risk.
|
Top 5 Reviews on OKEx
-
Comment
Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn't have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.
-
Comment
OKX’s platform itself is pretty intuitive, which is nice. I like how you can easily exchange between different cryptocurrencies with zero fees. Plus, the earn rates for locking your crypto for a fixed time are quite attractive. However, one thing that really bugs me is the withdrawal process. It's just too complicated for my liking. And another downside is that my country's fiat currency isn't listed, which makes things a bit inconvenient. Also, I noticed that some coins I wanted to trade weren't showing up in the search results, even though they're listed on Coinmarketcap. It's a bit confusing, to be honest. Overall, OKX has its pros and cons, but it's been okay for my crypto needs.
-
Comment
This is the first cryptocurrency platform I got acquainted with when I started learning about crypto. OKX exchange has been operating for several years and has its popularity among crypto investors. I can't understand why there are so many negative reviews. I've been working with the exchange for almost two years, consistently withdrawing cryptocurrency. Of course, there aren't so many diverse services here, but it's enough for me.
-
Comment
There are a lot of negative reviews about the OKX exchange. Many of the positive reviews are written to deceive users. It's a proven fact that the exchange may not pay out funds. Additionally, OKX may block user accounts for unfounded reasons. Therefore, I believe it's better not to take risks and not to open trading accounts here, let alone transfer money.
-
Comment
If a controversial situation arises on OKX, the issue is not resolved in favor of a trader. When there was a failure on the platform, my trade was closed with a huge minus. When comparing with other cryptocurrency platforms, I did not find the same quotes at a certain point of time that were on OKX. However, the exchange administration decided to leave everything as it is. As if they have their own quotes. After that, the desire to trade here disappeared.
Top 5 Reviews on AltCoinTrader
-
Comment
Worked with AltCoinTrader in 2020. This is a low-level crypto broker, difficult situations constantly arose with them. This service is not worth it. As for the withdrawal of money - everything works the same way, with constant problems, and the commissions are huge!
-
Comment
I can't understand how you can make money on the AltCoinTrader exchange. Here the commission for traders is 0.8%. I have not seen such a commission anywhere. Plus, you cannot transfer fiat currency to your account, you can trade only through cryptocurrency. In general, AltCoinTrader is of no value.
-
Comment
Maybe this broker will already do something with their support? How long can you “stay on the line”? This is the world of finance, every minute is precious here !! Let the AltCoinTrader management do something about it, for example, put the support staff to work on the exchange, maybe then they will understand.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.